Depending on the type of transfer—instant, fast, or standard—the processing procedures may vary. Here are the rules that apply in each case:

1. Instant transfer

• An instant transfer to a non-existent or closed BIL account is systematically refused.
• Likewise, an instant transfer to a closed account at another bank will also be rejected.

2. Fat transfer

• If the fast transfer can be executed instantly, it follows the rules of the instant transfer.
• If instant execution is not possible, it is processed as a standard transfer.

3. Standard transfer

• A standard transfer to a non-existent or closed BIL account is automatically rejected.
• However, a transfer to an account at another financial institution is generally executed. If the beneficiary’s account is deactivated, the recipient bank returns the funds to the sender.
• The beneficiary’s bank may, according to its terms, charge you fees for returning the funds.